Lennar/$LEN

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About Lennar

Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
Ticker
$LEN
Primary listing
NYSE
Employees
12,532

Lennar Metrics

BasicAdvanced
$19B
12.37
$6.43
1.40
$2.00
2.51%

What the Analysts think about Lennar

Analyst ratings (Buy, Hold, Sell) for Lennar stock.
Analyst projections of the future price of Lennar stock.

Bulls say / Bears say

Lennar delivered 20,519 homes in Q2 2026, up 2% year over year, and guided to approximately 20,500–21,500 Q3 deliveries with gross margin improving toward 16% as incentives moderate and volume increases. (Lennar)
Operational execution is improving: construction costs fell another 2% sequentially, cycle time reached a record-low 121 days, and inventory declined to 2.1 homes per community from 3.0 in the prior quarter. (SEC)
The balance sheet provides financial flexibility while the company works through the housing slowdown: Lennar ended Q2 with $1.8 billion of homebuilding cash, no borrowings on its $3.1 billion revolver, and generated $100 million of operating earnings from Financial Services. (Lennar)
Affordability remains a material demand constraint: Lennar’s Q1 2026 deliveries missed estimates, while management cited high mortgage rates, inflation-driven affordability pressure and cautious consumer sentiment. (Reuters)
Pricing power and profitability are under pressure: Q2 2026 average selling prices fell 5% year over year to $371,000, while gross margin declined to 15.6% from 17.8% a year earlier. (SEC)
Demand momentum weakened in Q2 2026, with new orders down 4% year over year to 21,749 homes; higher marketing and selling expenses also pushed SG&A to 9.2% of home-sale revenue from 8.8%. (Lennar)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

Lennar Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Lennar Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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